An opportunity to acquire a vacant dilapidated terraced house in Stoke Newington, N16.
The property is conveniently positioned in Stoke Newington Common and benefits from local amenities within walking distance.
Located 0.3 miles from Rectory Road Station (Weaver Line) and 0.4 miles from Stoke Newington Station (Weaver Line).
The property has a pending planning application to convert and extend the existing building to create four self-contained apartments. Planning is due imminently (Hackney Council REF: 2025/1129).
Proposed scheme: 2 x 1-beds and 2 x 3-bed apartments.
Total proposed GIA – 330.2 sq m / 3,554 sq ft.
We are advised by local agents the GDV to be in the region of £2,900,000.
CIL is estimated to be c. £7,000.
S106 is estimated to be c. £71,500.
Freehold.
PROPOSAL
Guide Price : £1,300,000
subject to planning and contract
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